V2X, Inc. (NYSE:VVX) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its holdings in V2X, Inc. (NYSE:VVX - Free Report) by 29.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,459 shares of the company's stock after buying an additional 7,682 shares during the period. Millennium Management LLC owned about 0.11% of V2X worth $1,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of VVX. Summit Investment Advisors Inc. raised its stake in V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after buying an additional 288 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in V2X in the fourth quarter worth approximately $134,000. Aquatic Capital Management LLC bought a new position in V2X in the fourth quarter worth approximately $171,000. Edmond DE Rothschild Holding S.A. raised its stake in V2X by 15.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after buying an additional 558 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in V2X in the fourth quarter worth approximately $203,000. Institutional investors own 95.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VVX shares. Royal Bank of Canada cut their price target on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Morgan Stanley started coverage on shares of V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target on the stock. Truist Financial cut their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Raymond James cut their price target on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.67.

Insider Buying and Selling at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 2,200 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $46.85, for a total value of $103,070.00. Following the sale, the senior vice president now directly owns 19,869 shares of the company's stock, valued at approximately $930,862.65. This represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

V2X Stock Performance

Shares of VVX traded up $0.50 during trading hours on Friday, reaching $44.99. 137,771 shares of the company traded hands, compared to its average volume of 205,191. The stock has a market capitalization of $1.43 billion, a P/E ratio of 160.68, a P/E/G ratio of 0.61 and a beta of 0.21. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $69.75. The business has a fifty day moving average price of $48.07 and a 200-day moving average price of $50.06.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The firm's revenue was up .5% on a year-over-year basis. Equities analysts anticipate that V2X, Inc. will post 4.16 EPS for the current fiscal year.

About V2X

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.